Nexa Resources SA NEXA.N reported quarterly adjusted earnings of 11 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of seven analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from -5 cents to 17 cents per share.
Revenue fell 3.7% to $708.42 million from a year ago; analysts expected $648.05 million.
Nexa Resources SA's reported EPS for the quarter was 1 cent.
Nexa Resources SA shares had fallen by 4.4% this quarter and lost 46.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 11.7% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the specialty mining & metals peer group is "buy."
Wall Street's median 12-month price target for Nexa Resources SA is $5.00, about 3.2% above its last closing price of $4.84
This summary was machine generated from LSEG data July 31 at 10:32 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)